LGT Fund Management Co Ltd. Makes New $5.85 Million Investment in Deutsche Bank Aktiengesellschaft $DB

Key Points

• LGT Fund Management Co Ltd. has made a new investment of $5.85 million in Deutsche Bank by purchasing 200,000 shares during the second quarter.
• Deutsche Bank Aktiengesellschaft stock has received mixed ratings from analysts, with five analysts giving it a "Buy" rating and one assigning a "Sell" rating.
• In its latest earnings report, Deutsche Bank reported an EPS of $0.54, which was lower than the consensus estimate of $0.78, although its revenue of $9.21 billion exceeded expectations.

LGT Fund Management Co Ltd. purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,000 shares of the bank's stock, valued at approximately $5,846,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DB. Vanguard Group Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 0.5% in the first quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank's stock valued at $1,892,773,000 after purchasing an additional 370,319 shares during the period. Deutsche Bank AG grew its stake in Deutsche Bank Aktiengesellschaft by 10.0% during the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank's stock worth $1,135,808,000 after buying an additional 4,322,086 shares in the last quarter. GQG Partners LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the first quarter worth about $470,716,000. Entrust Global Partners L L C acquired a new stake in Deutsche Bank Aktiengesellschaft during the first quarter worth about $365,750,000. Finally, Invesco Ltd. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 0.3% in the first quarter. Invesco Ltd. now owns 4,165,414 shares of the bank's stock worth $99,262,000 after acquiring an additional 14,099 shares during the last quarter. 27.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DB shares. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Up 1.0%

Deutsche Bank Aktiengesellschaft stock opened at $35.64 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.02 and a 52-week high of $37.86. The firm has a 50 day moving average price of $35.59 and a two-hundred day moving average price of $29.87. The firm has a market cap of $70.99 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.43 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. Equities analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

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